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How Much Are You Losing to 401(k) Fees?

March 28, 2015

When Booker O’Neal reviewed his investment statement last fall, he noticed something odd: All the stock market indexes were up for the year, but his nest egg was down 3 percent.

Even worse: O’Neal, a retired marketing executive in Kansas City, Mo., was losing another 1 percent to the annual fee his financial advisor of four years was charging him to manage his account. And that was on top of the fees for the funds in his portfolio. “I asked myself: What am I getting for that?” said O’Neal.

It’s a question a lot of investors are beginning to ask—both about the fees they’re paying for advice on their retirement accounts and the hidden costs of the investments within them.

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From → Finance

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